Debt Has Increased $5 Trillion under Speaker Pelosi

Debt Has Increased $5 Trillion Since Speaker Pelosi Vowed, ‘No New Deficit Spending’

Pelosi, the 60th speaker of the U.S. House of Representatives, has added more to the national debt than the first 57 House speakers combined.

When Rep. Nancy Pelosi (D-Calif.) gave her inaugural address as speaker of the House in 2007, she vowed there would be “no new deficit spending.” Since that day, the national debt has increased by $5 trillion, according to the U.S. Treasury Department.

At the close of business on Jan. 4, 2007, Pelosi’s first day as speaker, the national debt was $8,670,596,242,973.04 (8.67 trillion), according to the Bureau of the Public Debt, a division of the U.S. Treasury Department. At the close of business on Oct. 22, it stood at $13,667,983,325,978.31 (13.67 trillion), an increase of 4,997,387,083,005.27 (or approximately $5 trillion).


$8.6 trillion in debt for 230+ years before her and now 4 years of her and Reid in charge of spending and our debt goes up $5 trillion more. And people wonder why we are sick of the Democrats in control. $5 trillion debt added to the deficit and a huge recession since she took over control of the House. Good bye Pelosi, the voters will send you a forclusure notice next week.

OK, it is 5 trillion, but Bernanke's dollars are worth a lot less!

Something some people tend to forget, Bush cooked the books so the two wars didn't show up in his budget (estimated at $3 Trillion). Now the true costs are in the budget.

Could you provide a link to that information "Pineguy"

http://www.google.com/search?hl=&q=bush ... 0&oq=bush+

[youtube:2n5g1hso][/youtube:2n5g1hso]

Operational costs, as represented by the series of supplemental bills passed by Congress, represents only about 33-40 percent of total costs. In groundbreaking research, Nobel Prize economist Joseph Stiglitz and Harvard researcher Linda Bilmes, calculated that many other present and future costs were not included in operational costs. The additional costs include:

* Paying interest on the debt, since all operations have been paid for with borrowed money
* Future medical costs which could soar to the tens of billions as severely wounded vets return from multiple tours of duty
* Added war costs to the Pentagon budget and costs to reset military equipment destroyed in the wars.

This breaks down to $720 million spent each day on Iraq only, or $500,000 per minute. The cost of sending one soldier to Afghanistan is $3 million per year when these additional costs are added.

http://afsc.org/campaign/cost-war

Sorry, not even close. This administration is fighting the same war, actually more troops and using the same numbers, even less. So it is not figured into Obama's budget and not Bush's. That is a conspiracy theory like the US taking down the Towers. They are just looking for another way to spin this debt back to Bush since they screwed up so bad.

Lest we not forget that Princess Nancy also touted the most Transparent Congress to have ever been in office.

Hmmmm!

Lest we not forget that Pineguy will always spin things against Conservatives.

Not only that, I get very concerned when anyone relies on Nancy Pelosi as a key reference to anything he supports. We all know how the war in Afghanistan is so much more accceptable and applicable to our security than was the Iraq War. What's next? Pakistan?

Nmysys wrote: Lest we not forget that Pineguy will always spin things against Conservatives.

Pot, Kettle, Black.